Most Americans are afraid of inflation


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You can see it in grocery stores, gas stations, and on your heating bill (but thankfully, Not in liquor store): The price is getting higher and higher. According to statistics, since October last year, consumer goods prices have risen by 6.2%, which is the largest year-on-year increase since 1990. A report released on Wednesday From the Bureau of Labor Statistics. Prices are rising in almost all categories, including natural gas, food, and housing. Mainly the result Supply chain disruptions, labor shortages, and the lingering effects of the pandemic.

although mixture of cover area In the media, the official general message seems to be “Don’t panic.”Federal Reserve Predict this period The price increase is “temporary”, and There are signs The price increase is Start to slow downBut at the same time, according to recent polls, Americans are worried about inflation, and most people blame the Biden administration.This is why Biden Shift this week, From celebrating the passage of his bipartisan infrastructure bill to addressing inflation.

If you have not noticed the price increase, then you are in the minority. 76% of U.S. adults said gasoline prices “have risen a lot”, and 65% said food prices “have risen a lot”. Economist/YouGov poll It will take place from November 6th to 9th. A quarter of Americans said they spent more on groceries in October compared to September. According to the Morning Consult poll From October 29th to November 3rd.with Scott Rasmussen National Survey A survey conducted from October 11th to 13th found that 77% of registered voters “recently experienced a sharp increase in the cost of the items they want to buy”.

Americans also expect prices to continue to rise, especially as we enter the holidays.exist Different morning consultation pollsFrom October 29 to November 1, most Americans expect the prices of consumer technology, food, travel, toys, and jewelry to be higher this year than in previous years, and plan to find deals to make up for this increase. As the holidays approach , Consumers are most concerned about the cost of meat, agricultural products and dairy products. The first morning consultation poll48% of Americans are “very concerned” about the cost of meat, 37% of Americans are concerned about agricultural products, and 33% of Americans are concerned about dairy products. Many consumers (46%) stated that they “frequently” compare prices to reduce grocery costs.

Americans are not satisfied with these price increases.in a Daily Kos/Civiqs poll A survey conducted from October 30 to November 2 showed that 78% of registered voters said they were dissatisfied with gasoline prices (only 5% were satisfied), and 75% said they were concerned about the prices of consumer goods such as food, clothing and other consumer goods Not satisfied. household products. This dissatisfaction with consumer product prices is highest among Republicans at 92%, while among Democrats and independents, the proportions are 57% and 78%, respectively.

Americans feel the price increase in their wallets. The Economist/YouGov poll found that 56% of Americans said it was at least somewhat difficult to afford gasoline, 55% said the same about food, and 48% said the same about housing costs. Fox News Poll The survey conducted from October 16 to 19 showed that concerns about inflation were higher than the levels in the past four months, with 87% of registered voters saying that they were “extremely” or “extremely” worried about inflation and rising prices.

Price increase can Influencing voters’ political views The impact on the overall economy, because their impact is felt immediately and helps Biden’s negative approval rate“Inflation has a psychology different from everything else. It tends to affect people’s perceptions of the economy because they experience it every day, whether it’s in a grocery store, a gas station or buying household goods,” John Anzalon (John Anzalone) said. Democratic opinion poll experts, Tell the Los Angeles Times.

The polls reflect how voters view inflation as a political issue. The majority of registered voters (40%) said that the Biden administration’s policies are “a lot of responsibility” for inflation, and the majority (62%) said that the government’s policies are at least “a bit responsible.” According to Politico/Morning Consult poll It will take place from October 16th to 18th.in a Harvard/Harris Poll In the survey conducted on October 27-28, 56% of registered voters said they did not have confidence in the ability of the Biden administration to control inflation, and 53% held the same view on the ability of the Federal Reserve.A majority (56%) indicated that Congress passed a social expenditure bill of US$1.5 to 2 trillion (e.g. The one they are currently trying to pass) Will cause more inflation.

Although the public’s reaction is inconsistent with expert predictions, their worries should not be ignored.Some economists believe that if it is not controlled, concerns about inflation will make the situation worse By creating a self-fulfilling prophecy Among them, employees are afraid of rising prices and demand higher wages, and employers then increase prices to make up for the cost, which leads to higher inflation.This is What happened in the 1970s, And led to nearly double-digit inflation. No matter how short-lived the Fed thinks these price increases will be, Americans are now worried.

Other polls

  • With less than a year to go before the 2022 midterm elections, Biden’s support rate is low, which may not be an attractive option for all candidates. The most likely voters (51%) said they were unlikely to vote for a candidate supported by the president. Rasmussen Report Poll.
  • American Dissatisfied How does Biden deal with what they call the country’s primary problem: the economy. According to a survey, the majority of Americans (36%) said that the economy is the most important issue in the United States. Recent CNN/SSRS pollsThe majority (58%) said that Biden did not pay enough attention to the most important issues in this country.
  • COVID-19 cases have Stop declining in the U.S., But many Americans are ready to return to their lives before COVID.Every Recent Axios/Ipsos polls, A small percentage of Americans (55%) believe that returning to their lives before COVID-19 now poses little or no risk to their health, and 50% of Americans say they think they are now at less risk of contracting COVID-19. Compared with April 2020.
  • about 900,000 children between the ages of 5 and 11 received the first dose of vaccine The Pfizer COVID-19 vaccine was approved for use in this age group one week later.Before the vaccine is approved, October Caesars Family Foundation Poll It was found that only 27% of parents with children between the ages of 5 and 11 said that they would “immediately” vaccinate their children once they meet the conditions. This hesitation is largely due to the long-term effects of vaccines on children (76% of parents interviewed) and their children may have serious side effects from vaccines (71%).
  • on Monday, U.S. lifts travel ban on vaccinated tourists From 33 countries, including Mexico, Canada and the United Kingdom. But some international travelers feel uncomfortable about going to the U.S. A Morning consultation poll It was found that 60% of Canadian adults are uncomfortable planning to travel anywhere in the United States, and 41% of Mexican adults feel uncomfortable.In Europe, 45% of British adults, 42% of German adults, and 36% of French adults are uncomfortable planning a trip to the United States

Biden approved

According to FiveThirtyEight Presidential Approval Tracker42.5% of Americans approve of Biden’s work as president, while 51.6% of Americans disapprove (net approval rating -9.1 points).at this time last week, 42.7% agree, 50.5% disagree (net approval rate -7.8 points). A month ago, Biden’s approval rate was 44.6%, and his disapproval rate was 49.2% (net approval rate -4.6 points).

Ordinary ballot

In our average poll Ordinary parliamentary ballot, The Democratic Party currently leads the Republican Party by 1.3 percentage points (42.5% and 41.2% respectively). A week ago, the Democrats led the Republicans by 2.3 percentage points (43.4% and 41.2%, respectively). At this time last month, voters’ preference for Democrats was 2.9 percentage points higher than that of Republicans (44.4% vs. 41.6%).



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